Part I Betting Duties
F4 General betting duty
Annotations:
Amendments (Textual)
F12 Bookmakers: general bets
1
General betting duty shall be charged on a bet made with a bookmaker who is in the United Kingdom.
2
Subsection (1) does not apply to—
a
an on-course bet,
b
a spread bet, F2...
c
a bet made by way of pool bettingF3, or
F5d
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3
The amount of duty charged in respect of bets made with a bookmaker in an accounting period shall be 15 per cent. of the amount of his net stake receipts for that period.
Cross-heading and ss. 1-5D substituted (6.10.2001 with effect as mentioned in art. 2 of the commencing S.I.) for ss. 1-5 by 2001 c. 9, s. 6, Sch. 1; S.I. 2001/3089, art. 2